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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: elevenhalves who wrote (4566)8/22/2000 12:01:18 PM
From: Zeev Hed  Read Replies (4) | Respond to of 30051
 
Thank you for your kind words and welcome aboard. As for HAUP, if it breaks $8.5, the next congestion is around $10.5, then there is some resistance around $14. In a good market, I think both targets can be reached.

As for RDRT, I actually got in at $4 and got out at $4-15/16, I am waiting for a reentry closer to $5. If I get in and the behavior continues to improve, I am not sure how far it could go. Stitch on the disk drive discussion thread is an expert on the segment, you may want to ask him.

Someone asked yesterday about an entry point in SSTI, I suggested $25.25 to $25.75, well SSTI is getting there and I do not think it will stay there long, particularly in view of SNDK good action today.

As for the rambunctious RMBS, well, it is challenging $90, I must say, yesterday timing was as close to perfect as I have managed with this one recently (g). UB, are you selling?

Zeev